Goldman boss gives poorer students a £9,000 break

Jim O’Neill, chairman of Goldman Sachs Asset Management, poses for a photograph during the Ambrosetti Workshop in Cernobbio, near Como, Italy, on Friday, March 30, 2012. The two day workshop brings together politicians, company executives and economists at the event held in the Italian lakes. Photographer: Simon Dawson/Bloomberg via Getty Images

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Jim O’Neill, chairman of Goldman Sachs Asset Management, poses for a photograph during the Ambrosetti Workshop in Cernobbio, near Como, Italy, on Friday, March 30, 2012. The two day workshop brings together politicians, company executives and economists at the event held in the Italian lakes. Photographer: Simon Dawson/Bloomberg via Getty Images Simon Dawson/Getty

The man who made the Brics concrete for the developed economies of the West is
to fund a university scholarship for high-achieving students from poor
backgrounds.

Jim O’Neill, the chairman of Goldman Sachs Asset Management, who coined the
term Brics, will give one undergraduate economics student at the University
of Surrey £9,000 over three years to fund their degree.

“There are fewer English people doing the subject, particularly at
postgraduate level, than in the past,” he said. “The process of proving that
you can keep your mental stability over the three years it takes to do it,
to think independently